2515 4TH ST N E MINNEAPOLIS MN 55418

PID: 1102924240046

Property Overview

Parcel ID1102924240046

Lot Size5,182 sq ft (0.119 ac)

Lot Dimensions (est.)123 ft wide × 42 ft deep

Year Built1906

Property ClassRESIDENTIAL

OwnerKAMPHEAK ORFEI & A ORFEI

Assessed Value$298,800

Land Value$119,000

Building Value$179,800

Annual Tax$4,626

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2024 · $15K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Closed

CenterPoint Energy Resource Corp

MiscOct 2024Closed

$15K

Flowchart Exteriors

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Holland · Minneapolis

Median reported rent1,204/mo

Renter-occupied56.0%

Median home value$293K

Vacancy rate8.5%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1018

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth83 ft

Area~2,667 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,667 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2519 4TH ST N E MINNEAPOLIS MN 55418	HIGH END HIDEAWAY LLC	RESIDENTIAL-TWO UNIT	$468,400	44 ft
2511 4TH ST N E MINNEAPOLIS MN 55418	TAYLOR BOYD	RESIDENTIAL-TWO UNIT	$337,700	46 ft
2523 4TH ST N E MINNEAPOLIS MN 55418	JOSEPH GREGORY SCHAUFF	RESIDENTIAL	$303,000	90 ft
2507 4TH ST N E MINNEAPOLIS MN 55418	J KLEINMAN & V KLEINMAN	RESIDENTIAL	$303,000	91 ft
2514 5TH ST N E MINNEAPOLIS MN 55418	NATHAN WEST & EMILY WEST	RESIDENTIAL	$310,800	123 ft
2525 4TH ST N E MINNEAPOLIS MN 55418	STEPHEN R SCHLESINGER ET AL	RESIDENTIAL	$207,200	129 ft
2510 5TH ST N E MINNEAPOLIS MN 55418	GORDIAN J YAP & DIVAH C YAP	RESIDENTIAL	$316,900	132 ft
2501 4TH ST N E MINNEAPOLIS MN 55418	NE PALACE INC	LAND-COMMERCIAL	$100,400	138 ft
2522 5TH ST N E MINNEAPOLIS MN 55418	THOMAS A FILZEN	RESIDENTIAL-TWO UNIT	$382,400	140 ft
2506 5TH ST N E MINNEAPOLIS MN 55418	SHEILA LUND & SANDI SCHERFF	RESIDENTIAL-TWO UNIT	$338,200	155 ft

Property History

Most Recent Sale

Date201611

Price$193,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,626